Former Diebold Sales Rep Accused Of Insider Trading

Law360, New York (March 13, 2008, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission has filed an insider trading lawsuit against a former sales representative of automated teller and voting machine maker Diebold Inc.

In a lawsuit filed Thursday in the U.S. District Court for the Western District of Oklahoma, the SEC accused Robert G. Cole of making more than $500,000 in illegal profits by using material, nonpublic information concerning revenue and order shortfalls at Diebold to trade the company's securities.

The suit said that Cole learned from e-mails from his sales manager in...
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